Global Healthcare RCM Outsourcing market to grow at a CAGR of 17.55% during the period 2014-2019; New Report Launched

Report forecast the Global Healthcare RCM Outsourcing market to grow at a CAGR of 17.55% over the period 2014-2019.

Healthcare industry is undergoing a transition with increased competition among healthcare service providers. Currently, companies are more focused on providing quality care at lower price to their patients. Increasing healthcare cost is an alarming concern in this industry. In order to achieve cost savings, the industry players have introduced significant innovations in non-clinical solutions such as simplified administrative costs. The administrative components comprise all the services that range from front-end to back-end services. The process starts from gathering information from patients, documentation record, submitting, analyzing, and eventually paying for medical bills. This whole spectrum of administrative services is considered as healthcare RCM.

The report covers the current scenario and the growth prospects of the global healthcare RCM outsourcing for 2015-2019.

To calculate the market size, the report considers revenue generated from level of services which includes:

• Front-end services
• Middle services
• Back-end services

According to the report, redundant data and revising claims submissions due to errors in manual processing are some of the factors that put hospitals under pressure to design robust RCM systems. Unnecessary administrative complexities create inefficiencies in the healthcare delivery system and also incur additional cost. Owing to complexities in the system, 50% of physicians encounter problems in claim management. These inefficiencies ultimately incur healthcare cost.

Further, the report states that rapid changing regulations are leading to the requirement for more documentation to supplement each healthcare claim. This creates issues with respect to claim production, acceptance, and approval. This additional documentation also interferes with the smooth running of the revenue cycle workflow.

Global Healthcare RCM Outsourcing Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, EMEA, and APAC; it also covers the landscape of the global healthcare RCM outsourcing and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

key players in the Global Healthcare RCM Outsourcing Market:  Conifer Health Solutions, Emdeon Business Services, MedAssets, Parallon Business Solutions and The SSI Group

Other Prominent Vendors in the market are: Account Control Technology, Accretive Health, ACS Healthcare Solutions, Adreima, Alleviant, Avadyne Health, BancTe, Bolder Healthcare Solutions, Cardon Outreach, CCS Revenue Cycle, Cerner, Certive Solutions, Conifer Health Solutions, Constellation Healthcare Technologies, edgeMED Healthcare Solutions, Emdeon, Etransmedia Technology, Experian Healthcare, FirstSource Solutions, Greenway Medical Technologies, Health Systems Management Network, IBM, MediGain, Medirevv, MEDNAX, Meridian Medical Management, Modernizing Medicine, Navigant Healthcare Cymetrix, PracticeMax, Precyse Solutions, Pyramid Healthcare Solutions, Recondo Technology, Source Medical, Sutherland Global Services, Team Health Holdings, TELUS Health Solutions, The Consult, The Corridor Group, The ROI Companies and T-System

Key regions

• Americas
• APAC
• EMEA

Key market driver

• Reducing inefficiencies in administrative process
• For a full, detailed list, view our report

Key market challenge

• Rapid changes in regulatory requirements
• For a full, detailed list, view our report

Key market trend

• Increased importance of cloud-based systems
• For a full, detailed list, view our report

Key questions answered in this report

• What will the market size be in 2019 and what will the growth rate be
• What are the key market trends
• What is driving this market
• What are the challenges to market growth
• Who are the key vendors in this market space
• What are the market opportunities and threats faced by the key vendors
• What are the strengths and weaknesses of the key vendors

Spanning over 64 pages “Global Healthcare RCM Outsourcing Market 2015-2019” report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentationby services, Market segmentation by end-user, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.

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